Stock Movers

• Roomba Maker iRobot Files for Bankruptcy; Nvidia Leads Mag 7 Higher; Intel Gains

  On this episode of Stock Movers:- Shares of Roomba maker iRobot Corp. (IRBT) plummeted ahead of the US market open after the company that revolutionized robot vacuum cleaners in the early 2000s with its Roomba model, filed for bankruptcy and proposed handing over control to its main Chinese supplier. The Massachusetts-based consumer robot maker, which is currently listed, will be taken over by China’s Shenzhen PICEA Robotics Co. and a subsidiary of the Chinese firm, according to a press release. The common stock of the company, founded in 1990 by engineers from the Massachusetts Institute of Technology, will be wiped out under the proposed Chapter 11 plan filed in Delaware on Sunday.- Nvidia (NVDA) is leading a premarket recovery across the magnificent seven cohort of big tech stocks, after the group suffered a two-day drop amid concern over elevated spending and delays for projects tied to AI. An equal-weight basket of Magnificent Seven tech stocks dropped 0.8% on Friday after Bloomberg reported that Oracle pushed back the completion dates for some of the data centers it’s developing for OpenAI to 2028 from 2027.- Shares of Intel (INTC) pushed higher in the early trading session after reports on Friday that the company is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt. Sources tell Bloomberg a deal for Palo Alto, California-based SambaNova could come together as soon as next month. Founded in 2017 by Stanford University professors, one of whom had won a MacArthur Genius Award, SambaNova designs custom AI chips, aiming to rival those offered by Nvidia Corp.See omnystudio.com/listener for privacy information.

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• Nvidia Rises; Intel Pushes Higher; Texas Instruments Declines

  On this episode of Stock Movers:- Nvidia (NVDA) is leading a premarket recovery across the magnificent seven cohort of big tech stocks, after the group suffered a two-day drop amid concern over elevated spending and delays for projects tied to AI. An equal-weight basket of Magnificent Seven tech stocks dropped 0.8% on Friday after Bloomberg reported that Oracle pushed back the completion dates for some of the data centers it’s developing for OpenAI to 2028 from 2027.- Shares of Intel (INTC) pushed higher in the early trading session after reports on Friday that the company is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt. Sources tell Bloomberg a deal for Palo Alto, California-based SambaNova could come together as soon as next month. Founded in 2017 by Stanford University professors, one of whom had won a MacArthur Genius Award, SambaNova designs custom AI chips, aiming to rival those offered by Nvidia Corp.- Shares of Texas Instruments (TXN) dropped ahead of the US market open after Goldman Sachs analyst James Schneider cut the recommendation on Texas Instruments to sell from buy. The downgrade highlights tech sector struggles beyond the artificial intelligence trade, with TI a major player in analog chip technology.See omnystudio.com/listener for privacy information.

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• Juventus's Crypto Bid, Sanofi Setbacks, TT Electronics Falls

  On this episode of Stock Movers:- Juventus Football Club SpA shares rose the most this year after the Agnellis family’s investment vehicle Exor NV rejected an unsolicited bid by Tether Holdings to acquire the Italian football club.- Sanofi’s experimental multiple sclerosis drug got hit with two setbacks on Monday: a regulatory delay in the US as well as a failure in a late-stage clinical trial. - TT Electronics plunges as much as 22%, the most since April, after DBAY Advisors said it does not plan to make a takeover offer for the London-listed maker of engineered electronics.See omnystudio.com/listener for privacy information.

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• Rheinmetall Falls, Stellantis Rises, Argenx Down Nearly 10%

  On this episode of Stock Movers:- Shares in Europe’s defense companies including Rheinmetall are falling Monday amid ongoing Ukraine peace talk meetings and after President Volodymyr Zelenskiy said he could accept security guarantees from the US and Europe instead of NATO membership.- Stellantis is among some of Europe’s embattled automakers set to get a breather as they struggle with the transition to emission-free driving, a critical moment that will shape the future of the continent’s transport sector. - Argenx shares fell as much as 9.7%, the most in more than seven months, after the biotechnology company said its late-stage studies evaluating efgartigimod in adults with moderate to severe thyroid eye disease will be discontinued.See omnystudio.com/listener for privacy information.

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• Weekly Roundup: Oracle Disappoints, Warner Bros Higher, Carvana Rises Ahead of S&P Entry

  On this episode of Stock Movers: - Oracle (ORCL) closed 4.47% lower today and fell 12.7% this week. Shares slipped after earnings disappointed investors, and Bloomberg reported that some of the company's data centers being built for OpenAI will now be completed in 2028 instead of 2027. The delays stem from shortages of labor and materials, fueling doubts about execution, according to Bloomberg. - Warner Bros Discovery (WBD) rose by 15% this week, closing at a record high today. Paramount Skydance is attempting to buy the company in a hostile takeover, while Netflix is also making a bid. - Carvana (CVNA) is higher by 13.99% this week. The online used-car dealer will make an entry into the S&P 500 Index this month.See omnystudio.com/listener for privacy information.

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